Sparky12 wrote:I love my car very much . It is a 6 month old Saab convertible registered from new in the UK. I have tried to follow the complex process that is described on the LTA website but my brain is too small to follow the twists and turns .
Therefore is there anyone who can interpret the process in laymans language and give me an idea of what the cost would be to import it . Its current value is about £25000 -£ 30000 or $70000- $85000 Sing Dollars . Please help me thorugh this acronym hell!!
Simple terms:
a) Car must be less than 3 years old and right hand drive - looks like you qualify.
b) Must obtain manufacturer's statements of compliance for pollution and noise in country in which it is used.
c) Must have car inspected by Singapore approved entity out of Singapore... Bristol is closest for you.
Now to the finances. Using your S$70,000 value:
a) Must pay S$10,000 import fee
b) Must pay 20% import tax (S$14,000)
c) Must pay GST of 5% (S$3500)
d) Must pay registration fee 110% of open market value - which will be computed on the value of the car, shipping expense, inspection, and all other incidentals... so I add S$10,000 and you pay (S$88,000)
e) Pay road tax of about S$3,000, assuming a 3 litre engine.
f) Buy a certificate of entitlement, your authorization to drive the car on the road for ten years... about S$16,000 right now.
g) Add your shipping and insurance costs... I guess S$6,000.
So, adding up all these numbers, I get that you will need to spend S$140,500 to bring the car over. I could be off by a bit, but not much.
As you can see, you are free to bring a car to Singapore... you will just pay out the wazoo to do so.
Compared to just buying a car here, you get hit with the S$10,000 fee plus the import tax. You also pay more in registration because you pay on shipping and everything else.
My sense is that if you want to drive this kind of vehicle in Singapore, it will be cheaper to sell yours and buy one here. The 110% registration and costs for a COE also apply to vehicles here but you save shipping and import tax. A rule of thumb here is that whatever a car costs in the US (I don't know British taxes), it will cost 2.5 times as much in Singapore.
Hope this helps.
This web page has all the details.
http://www.onemotoring.com.sg/publish/o ... mp/car.pdf
